Resco, a local retail establishment, expects to make inventory purchases as follows for the first quarter of the year: January, $5,500; February, $6,500; and March, $8,000. Prior experience shows that...

Resco, a local retail establishment, expects to make inventory purchases as follows for the first quarter of the year: January, $5,500; February, $6,500; and March, $8,000. Prior experience shows that 25% of a given month’s purchases are paid in the month of purchase with the balance paid in the following month. No purchase discounts apply. What is the total expected cash disbursement for February? For March?